I didn’t expect this time, but not that I never actually saw this coming, if you look at it since when bitcoin was $13000, we have had so many people that has already predicted that the value of bitcoin may bottom to $7000 again, which is expected to be the lowest before the bull run, and I guess this is one of the prediction, and this drop may actually encourage lots of investors once the market is clear, and the moment the coin starts rising back again, there is likely to be FOMO depending on the speed for which the coin is using to increase in value.
I would not want you to really Pay attention to this crash, and if I will even advise you, see it as another opportunity for you to buy the coin lower and invest again if there is still some fiat to play around with, you will be happy to have made decision to do so when the price start rising back soon.
Topic: What is happening with Bitcoin? - page 2. (Read 446 times)
The price of Bitcoin has dropped today to almost 8.000 USD. Was this predicted? and if so why, will the price eventually bounce back up?
To be perfectly honest with each other here, we should literally say we have no idea. Anyone who makes a guess is just making stuff up from their minds or stuff they read somewhere but in reality nobody really knows whats going on.In order to fully know what happened you have to track every single sale during this bear run and find who it belongs to, talk with them and find out what happened, there is literally no technology that is capable of doing that let alone actual human being who would actually spend time doing it. Hence there is really no point of asking why something is happening or happened. It just happened and now we should focus on the future instead, no point dwelling on past and trying to figure out what happened or why it happened.
The price of Bitcoin has dropped today to almost 8.000 USD. Was this predicted? and if so why, will the price eventually bounce back up?
No! Everything that will happen around seems to be unpredictable and we know that since from the very beginning. Every price changes come into its market volatility. This drop isn't been controlled by someone nor we know what exactly the cause for this. This thing happens in several times that makes me no wonder. And we don't need to have some complain cause we have nothing to put some blames.
Based on xxxx123abcxxxx's chart, we've probably still got one more brutal leg down coming.
Yeah, we just might--and I'm not even basing that on a chart but on the downward momentum that I see looking at the changing preev price. Right now bitcoin is below $8k, which I didn't think was going to happen. Not the first time I've been wrong about price predictions, though. Bitcoin never fails to surprise me.Down to $7K was always potentially on the menu.
Ick. I'm hoping it doesn't drop that far. Then again, I'm hopeful that it'll rebound back to where it was and then perhaps move higher. I won't be silly enough to actually make any predictions, though.There is no sign of bouncing back this soon because some experts says we are going below $6,000 before taking the floor and bounced back as bull will finally starts before the year ends
Sure, now that bitcoin is getting hammered people are making all sorts of bearish calls. It's not hard to do when it's had a few days of decreases--it's just like predicting the weather. Sunny today, probably sunny tomorrow. But hey, even if bitcoin does crash to $6k, it's still higher than it was for pretty much all of last year. I still believe the downtrend since late June is just a correction to the bull trend. I'd be surprised if we weren't back above $10K by October.
I add more viability to the scenario where we do not cross the $10,000 level again this year if we don't quickly get a bounce back up.
Down to $7K was always potentially on the menu. I'm looking for a capitulation bottom that quickly reverses this week's losses. That's usually how historic bottoms are made on the BTC charts. Panic selling into low liquidity followed by panic buying into low liquidity.
Based on xxxx123abcxxxx's chart, we've probably still got one more brutal leg down coming.
Last year I ignored all these signs, but I'm not doing that again.
Recency bias is a killer. That's all I will say about that.
I still believe bitcoin price can be pumped again. Maybe it is time for correction but actually i don't have analysis about it. But what i do for not is not panic and i still hold my bitcoin. Maybe some people want to accumulate first, usually "they" create panic situation so they can buy coin with very cheap price before pump it.
I haven't seen any viable news on why the price of Bitcoin plummets down, But maybe this can be a thing for volatileness, or maybe the whales are moving to take a score, or a Chinese trade war is going on but I haven't seen any news for the meantime, The price may vertically move if there are news eventually on why this happen, Or if not the price may stay this way or worst fall down as well, let's just be patient and wait if what will be the next move for bitcoin.
The problem with speculators is they always just look up and never go down. Not all, but mostly.
Yes, some may have been predicted it and this is quite far from what they expected.
Some said it could go until 7500 USD and that is where a lot of investors will buy back to get ready before the end of the year.
It is a lot for profit and somehow they gained more bitcoin after doing this kind of technique.
Do not expect much of a pump for now. It could very slow again.
Yes, some may have been predicted it and this is quite far from what they expected.
Some said it could go until 7500 USD and that is where a lot of investors will buy back to get ready before the end of the year.
It is a lot for profit and somehow they gained more bitcoin after doing this kind of technique.
Do not expect much of a pump for now. It could very slow again.
I still believe the downtrend since late June is just a correction to the bull trend. I'd be surprised if we weren't back above $10K by October.
I add more viability to the scenario where we do not cross the $10,000 level again this year if we don't quickly get a bounce back up. If we get that bounce, I'll wear my imaginary moon boy cap again, but I have opened quite a significant short because of how this market action doesn't look good at all.
Last year I ignored all these signs, but I'm not doing that again. Being more rational helps looking at the market without thinking about your big hodl stack. Long term speaking everything is bright af, but the short term can be very nasty, especially with how short term price action doesn't factor in fundamentals.
The price of Bitcoin has dropped today to almost 8.000 USD. Was this predicted? and if so why, will the price eventually bounce back up?
Prices will eventually bounce back more than from where it was dumped.See some people predicted this sell of news but we might not recognized it until it became happened.
Currently over $8300 and maintaining its resistance.
The price of Bitcoin has dropped today to almost 8.000 USD. Was this predicted? and if so why, will the price eventually bounce back up?
Bitcoin and the whole crypto currency movement are proven unpredictable that is why it was considered a risky investment too like this current market performance in which no one expected that it will crash like this but i believe that this was just a manipulation so that they could start the bullish from the cheapest value therefore it would be better if we buy more Bitcoin now while the price is cheap again.
I believe it called adjustment of the price before the price can get up to a higher rate.
adjustment of the price or the correction that happens is usually smaller and a lot smoother than this. meaning the drop occurs over a longer period of time instead of being a sharp drop that (on the charts) looks completely vertical. these vertical declines are indicating panic sells and are usually kicked off when price goes below the stop loss that the bots have in place to sell immediately as it goes below that mark which then starts the subsequent sell offs.
The price of Bitcoin has dropped today to almost 8.000 USD. Was this predicted? and if so why, will the price eventually bounce back up?
There is no sign of bouncing back this soon because some experts says we are going below $6,000 before taking the floor and bounced back as bull will finally starts before the year endsAnyway everything is just prediction and we cannot tell this will happen or not
We have been in this scenario for so long and what we can assure is when things already happen and not by looking into weeks or months ahead
The price of Bitcoin has dropped today to almost 8.000 USD. Was this predicted? and if so why, will the price eventually bounce back up?
Some people predicted it, or at least recognized the possibility:
DrBitcoin: https://bitcointalksearch.org/topic/m.52358429
xxxx123abcxxxx: https://bitcointalksearch.org/topic/m.52495185
dmwardjr: https://bitcointalksearch.org/topic/m.52540049
As for the why.......typical price action, really. Honey badger being a honey badger.
The Bakkt launch worked amazingly as a "sell the news" event. At the end of the day, it's impossible to predict exactly the form corrections will take. It would have been perfectly reasonable for the market to stay sideways in the $10,000s too. You only ever know in hindsight.
I still believe the downtrend since late June is just a correction to the bull trend. I'd be surprised if we weren't back above $10K by October.
I believe it called adjustment of the price before the price can get up to a higher rate.
I think it's not very surprising because bitcoin price will always like this even if there is nothing good or bad news happen in out there.
You should know and ready that this could happen in anytime so you can prepare the money to buy more bitcoin.
It is why you should not use all of your money to buy bitcoin or altcoin, so you still have some money to buy any coins including to buy more bitcoin.
But it is interesting because before the price jumped to the lower price, we read about Bakkt launch and then it's not taking too long for the price to go down and even the price still goes down.
And now, the price stay at the $83xx and I wonder that this could be a turning point of the price so the price can increase in the next week.
I think it's not very surprising because bitcoin price will always like this even if there is nothing good or bad news happen in out there.
You should know and ready that this could happen in anytime so you can prepare the money to buy more bitcoin.
It is why you should not use all of your money to buy bitcoin or altcoin, so you still have some money to buy any coins including to buy more bitcoin.
But it is interesting because before the price jumped to the lower price, we read about Bakkt launch and then it's not taking too long for the price to go down and even the price still goes down.
And now, the price stay at the $83xx and I wonder that this could be a turning point of the price so the price can increase in the next week.
Yes there are indeed many predictions that even bitcoin will drop below $ 9k and that happens, will the price go up again? I think it will be green again even though many of these problems are but I but the focus on bitcoin will recover.
The price of Bitcoin has dropped today to almost 8.000 USD. Was this predicted? and if so why, will the price eventually bounce back up?
Yeah, just a typical day that can possible happen with Bitcoin anytime.Speculations?
Bakkt coincidence
Miners sell-off
We have seen lately about these news but we cant point out on whats the actual reasons and instead of worrying,
Why not consider on buying to these cheap prices?
The price of Bitcoin has dropped today to almost 8.000 USD. Was this predicted? and if so why, will the price eventually bounce back up?
Yeah, just a typical day that can possible happen with Bitcoin anytime.Speculations?
Bakkt coincidence
Miners sell-off
We have seen lately about these news but we cant point out on whats the actual reasons and instead of worrying,
Why not consider on buying to these cheap prices?
In today's market it happen because response market about BAKKT.
it can not be because of Bakkt because the timing doesn't match. the drop happened today where the price broke below the level that it was supposed to stay above (meaning $9k). but Bakkt has been open for more than 2 days now and if the drop was supposed to be because of it, then it should have happened the day it opened up.
The price of Bitcoin has dropped today to almost 8.000 USD. Was this predicted? and if so why, will the price eventually bounce back up?
it will definitely bounce back for sure no need to worry about bitcoins sudden drop. Bakkt didnt made any impacton btc price in its debut, but just wait 2 to 3 weeks , bakkt volume will increased dramatically. Jump to: